Global Infrastructure Partners
| File:Global Infrastructure Partners logo.jpg | |
| Partnership | |
| Industry | Private equity |
| Founded | May 2006 |
| Headquarters | New York City, United States (Head office) Stamford, Connecticut, United States (Operational headquarters) |
|
Key people
|
Adebayo Ogunlesi (Managing Partner and Chairman) [1] |
| AUM | approx. US$15 billion (2012)[2] |
| Website | www |
Global Infrastructure Partners (GIP) is a multinational private equity firm headquartered in New York City which specializes in infrastructure investments in the energy, transport and water/waste sectors. It employs approximately 50 investment professionals. The firm's offices are located in New York, Colorado Springs and London with an affiliate in Australia and operational headquarters in Stamford, Connecticut.
History
Global Infrastructure Partners was established in May 2006. Two of GIP's founding investors in its first fund, GIP1, were Credit Suisse and General Electric. Each of these investors committed approximately 9% of the US$5.64 billion of GIP1's total committed capital.[3]
The firm's first investment was announced in October 2006, a 50:50 joint venture between GIP and American International Group (AIG), to acquire London City Airport from Irish businessman Dermot Desmond for an undisclosed sum.[4][5] GIP subsequently acquired AIG's stake in the airport in September 2008.[6]
Subsequently, GIP has made two additional airport investments, the October 2009 acquisition of Gatwick Airport, the second largest airport in the United Kingdom by passenger traffic, for £1.5 billion from BAA [7][8] and the 2012 acquisition of Edinburgh Airport for £807 million.[9][10] Additionally, GIP has made a cross section of investments in other areas of the transport sector as well as the natural resource and power generation areas of the energy sector. These assets include, sea ports, midstream natural resources and power generation businesses.
Global Infrastructure Partners' first fund, GIP1, completed its fund raising in May 2008. The fund became fully invested during 2012. In October 2012, GIP's second fund, GIP2, completed fund raising with US$8.25 billion in investor capital commitments, making it the largest independent infrastructure fund in the world to date.[11]
Investments
As of October 2012 Global Infrastructure Partners had aggregate assets under management of approximately US$15 billion. GIP's investments are largely concentrated in OECD countries. As of July 2013, the Fund's portfolio included investments in the following assets:[12]
- Access Midstream Partners
- Channelview Cogeneration
- East India Petroleum Limited
- Edinburgh Airport
- Gatwick Airport
- Great Yarmouth Port Company Limited
- International Trade Logistics S.A.
- London City Airport
- Port of Brisbane
- Ruby Pipeline Holding Company
- Terra-Gen Power Holdings
- Terminal Investment Limited
- Transitgas
References
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